Dell Bid Above $15? Options Traders Bet On It

Options traders Monday were betting Dell Inc. could see a bid above $15 a share amid reports the personal computer company’s board received a couple more buyout proposals.

Dell options trading volume jumped to nearly twice the daily average by midafternoon as investors looked to bullish options betting that the shares have further to rise. The most active options see the company’s shares moving above $14.66 to $15.09 over the next two months.

“With an original offer of $13.65, it seems like $15 would be a stretch, but that is what people in the options seem to expect,” said Frederic Ruffy, analyst at WhatsTrading.com.

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